JPMorgan Chase & Co. Lowers Tesco (LON:TSCO) Price Target to GBX 400

Tesco (LON:TSCO) had its target price cut by JPMorgan Chase & Co. from GBX 410 ($5.02) to GBX 400 ($4.90) in a research note published on Monday morning, Marketbeat.com reports. They currently have an overweight rating on the retailer’s stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, December 10th.

Tesco Stock Up 1.1 %

LON TSCO opened at GBX 360.60 ($4.41) on Monday. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.42. The company has a market cap of £24.56 billion, a price-to-earnings ratio of 1,335.56, a PEG ratio of 1.43 and a beta of 0.51. The company has a 50 day moving average of GBX 361.63 and a 200-day moving average of GBX 348.68. Tesco has a 1-year low of GBX 272.30 ($3.33) and a 1-year high of GBX 375.70 ($4.60).

Insider Transactions at Tesco

In related news, insider Bertrand Bodson bought 734 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average price of GBX 355 ($4.35) per share, with a total value of £2,605.70 ($3,189.35). 2.51% of the stock is currently owned by insiders.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children’s groups, food banks and other good causes.

In challenging times, our purpose has guided every part of the Group.